The global frozen pizza market is expected to increase from 2023 to 2033. According to the research report published by Future Market Insights, the global market is predicted to surpass a valuation of US$ 20,196 million in 2023. It is foreseen to hit a valuation of US$ 35,994 million by 2033. The market is slated to thrive at a CAGR of 6% from 2023 to 2033.
Key Players in the Global Market: Frozen Specialties Inc., Jubilant Foodworks Limited Convenio Foods Pvt. Ltd., Giovanni’s Frozen Pizza, Monte Pizza Crust B.V., General Mills Inc., Nestle’ S.A., McCain Foods Ltd, Dr. Oetker GmbH, Daiya Foods Inc., Connies Pizza, Conagra Brands Inc., etc..
Key Regions Covered: North America, Latin America, Europe, East Asia, South Asia, Oceania, The Middle East & Africa (MEA)
Key Countries Covered: United States, Canada, Germany, United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of EMEAI, Brazil, Peru, Argentina, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASEAN, Thailand, Malaysia, Indonesia, Australia, New Zealand etc..
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Country-wise Insights
How is the Market Faring in the United States?
According to FMI, North America dominates the frozen pizza market. The United States is anticipated to account for over 79.5% of the North America market in 2033. In 2022, the United States captured 17.2% shares in the global market. The frozen pizza business is expected to rise in the country due to technological advancements in cost-effective production.
Rising innovation in product developments in terms of nutrition and health, including low trans-fat, low fat, whole wheat, multigrain, and low-on-artificial-preservatives offerings to support sales in the long term.
How is the Demand for Frozen Foods Affecting Growth in Nordic Countries?
The rising demand for instant frozen food products acts as a chief growth driver for the market. The Nordic frozen pizza market is expected to be accountable for over 20.6% in the year 2033.
The rising demand for healthy and instant fast food is driving the demand for frozen pizza and is also expected to bolster growth in the country as leading manufacturers seek to implement geographic expansion strategies.
What are the Growth Prospects for Frozen Pizza in Singapore?
With a significant rise in urbanization, the Singapore frozen pizza market is likely to gain a share of the South Asia Pacific market during the forecasted period 2023 to 2033. By 2033, the country is expected to account for more than 22.6% of frozen pizza consumption within South Asia.
How Large is the Opportunity for Frozen Pizza Manufacturers in China?
According to a recent study by FMI, China is expected to account for more than 41.9% of the East Asia Market in 2023. In 2022, China captured 4.8% shares in the global market. For more than two decades, the Chinese economy has maintained a high rate of growth, which has been fueled by repeated gains in industrial output, imports, and exports. Growing consumer demand and capital investment driven by a massive population base and the resultant demand for instant food are exponentially helping the market of frozen pizza to grow.
Why is the Demand for Frozen Pizza Rising in India?
In 2023, India is expected to command a market share of more than 26.8% in South Asia. Over the forecast period, the Indian market is expected to capture a CAGR of 9.2% in South Asia. In 2022, India captured 25.2% shares in the global market. The frozen pizza market in India is still in its infancy, but it is predicted to grow strongly in the near future. Foods like fish, shellfish, vegetables, and fruits used as toppings can also be frozen to extend their shelf life while maintaining their nutritional value. This allows the market to maintain stability in pricing. Additionally, the market in India is supported by the evolution of modern retail outlets like DMart, Food Bazaar, and Spencers, in addition to online grocery stores like Big Basket.
| Countries | CAGR Share in Global Market (2022) |
| United States | 17.2% |
| United Kingdom | 4.2% |
| China | 4.8% |
| Japan | 6.8% |
| India | 25.2% |
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Competitive Landscape
Growing frozen pizza consumption is encouraging manufacturers to create products with longer shelf lives. Leading food and beverage firms are expected to contribute to the growth of frozen pizza globally with strategies to develop new flavor formulations and explore previously untapped markets in emerging economies.
Recent Developments Observed by FMI:
- In June 2021, Brazi Bites announced the launch of a new product line – Pizza’nadas, a fusion of frozen pizzas and empanadas, for sale to consumers in the United States.
- Dr. Oetker announced the expansion of its Ristorante frozen pizza range with the launch of a new Vegan Society-certified Ristorante Margherita Pomodori pizza for consumers in the United Kingdom.
- Ole & Lena’s Pizzeria announced expansion plans to include wholesaling operations for frozen pizza offerings through retailers such as Walmart for select locations in the United States.
Market Segmentation
By Crust Type:
- Thin Crust
- Thick Crust
- Stuffed Crust
By Toppings:
- Cheese
- Meat
- Fruits and Vegetables
- Others
By Sales Channel:
- Store-based Retailing
- Convenience Stores
- Discounters
- Forecourt Retailers
- Hypermarkets
- Supermarkets
- Food Specialist
- Online Retail
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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